For-Sale Auto Shop
For Sale
$1,599,999
3420 NW 27th Ave, Miami, FL 33142
Automotive property offered for sale in Miami-Dade County.
Property Size3,440 SF
Days on Market52
Property Features for 3420 NW 27th Ave
General Information
Standard status
Active
Size
3,440 SF
Zoning
6600
Amenities
Central
Building Details
Building Size
3,440 SF
Year Built
1947
Listing Agency:
Fortune International Realty
Listed By:
Jamel Castillo · License #3506113
(786) 449-0884
Source:
Evrealestate
Added: Jul 15
Changed: Aug 31
Last Checked: Sep 4 at 4:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortune International Realty
Investment Insights
Based on property information with market context.
This for-sale auto shop property is categorized as an automotive and retail commercial asset, suited for buyers seeking an automotive-oriented site. The property listing is provided for Miami-Dade County, Florida.
The address on file is 3420 NW 27th Ave, Miami, FL 33142. No additional building details, unit configuration, or site features are included in the available information.
Interested parties should review the offering materials for full property specifics, including any improvements and operational details relevant to automotive use.
The address on file is 3420 NW 27th Ave, Miami, FL 33142. No additional building details, unit configuration, or site features are included in the available information.
Interested parties should review the offering materials for full property specifics, including any improvements and operational details relevant to automotive use.
Key Highlights
- Central heating
- Built in 1947
- Automotive property for sale in Miami‑Dade County
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,232
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,244,640
$2.2M
Cap Rate 7%
$1,603,314
$1.6M
Cap Rate 9%
$1,247,022
$1.2M
Market Conditions
NOI Build-Up for 3,440 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$178.7K $51.96/SF
− Vacancy
−$18.4K −$5.35/SF
EGI
$160.3K $46.61/SF
− OpEx
−$48.1K −$13.98/SF
NOI
$112.2K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,244,640
Cap Rate 7%
$1,603,314
Cap Rate 9%
$1,247,022
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,232 @ 7.0% cap · market cap 7.01%
Second Best
Industrial
$660.2K
$577.7K – $770.3K
NOI $46,215 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,542 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,242
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property offered for sale in Miami-Dade County.
Where is this auto shop located?
The property is located at 3420 NW 27th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Central heating; Built in 1947; Automotive property for sale in Miami‑Dade County
